Filing Flows › Kodiak Gas Services (KGS) › Q3 2026 › vs Q3 2025
Kodiak Gas Services (KGS) Q3 2026 vs Q3 2025 (year over year)
Kodiak Gas Services's revenue rose $79.0M (+24%) from $323M in Q3 2025 to $402M in Q3 2026. The biggest changes: Power Infrastructure revenue +$42.0M (—); Compression Infrastructure revenue +$21.5M (+7%); Other Services revenue +$15.6M (+61%). Operating margin 34.5% against 19.9% (+14.6 pts).
Kodiak Gas Services, Q3 2026: revenue $402M (+24% year over year), operating margin 34.5%, net earnings $71.5M, operating cash flow $196M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 34.5% | 19.9% | +14.6 pts |
| Net margin | 17.8% | -4.4% | +22.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Compression Infrastructure revenue | $318M | $297M | $21.5M | +7% |
| Power Infrastructure revenue | $42.0M | $0 | $42.0M | — |
| Other Services revenue | $41.4M | $25.8M | $15.6M | +61% |
| Revenue | $402M | $323M | $79.0M | +24% |
| Operating profit | $138M | $64.2M | $74.3M | +116% |
| Costs & expenses | $263M | $259M | $4.8M | +2% |
| Pre-tax earnings | $90.4M | −$20.5M | $111M | — |
| Other expense, net | $48.1M | $84.7M | −$36.6M | -43% |
| SG&A | $43.0M | $37.8M | $5.2M | +14% |
| Other operating costs | $220M | $105M | $116M | +111% |
| Net earnings | $71.5M | −$14.2M | $85.7M | — |
| Income tax | $18.9M | −$6.3M | $25.2M | — |
| Depreciation & amortization | $75.6M | $66.3M | $9.3M | +14% |
| Working capital & other | $49.2M | $56.5M | −$7.3M | -13% |
| Operating cash flow | $196M | $113M | $82.9M | +73% |
| Capital expenditures | $226M | $102M | $123M | +120% |
| Negative free cash flow (OCF − capex) | $29.4M | −$10.9M | $40.3M | — |
Questions
How much did Kodiak Gas Services's revenue grow year over year in Q3 2026?
Kodiak Gas Services's revenue rose $79.0M (+24%) from $323M in Q3 2025 to $402M in Q3 2026.
What drove Kodiak Gas Services's revenue change in Q3 2026?
Power Infrastructure revenue +$42.0M (—); Compression Infrastructure revenue +$21.5M (+7%); Other Services revenue +$15.6M (+61%).